PBL sinks as scrip dumped - 2004-03-10
Australia's biggest funds manager sold 30 million shares in Publishing and Broadcasting Limited yesterday, bringing the price down to a three-month low.
PBL shares plummeted 3.39 per cent, or 41, by the end of the day after Colonial First State sold off a $357 million stake at $11.90 a share.
But the man in charge of the company, which owns Channel Nine, Crown casino and magazines, refused to label the sell-off of the 4.5 per cent stake as a negative.
Read the full story at Herald Sun